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FOX Business
Nov 19, 2012 1:00pm EST
right, we have a merchant class and gdp growth rate more than double the united states in india. one of the largest populations in the world, some valuable investment opportunities down there. joining us now, chairman and cofounder with more on the real estate market in india. india a lot of people are not sure what is happening. is it still considered an emerging market? >> sure. think you for having us here. as you said, gdp growth in india has been averaging 6% last several years. there is an emerging middle class that has growing incomes and the employment rates are up, so with the growing urbanization and with the recent government reforms on foreign investments, we see real estate as a great place to be. >> you have about $2 billion in your fund, private equity investing in housing in india. first of all middle class shrinking a little bit. we were seeing a big differential. >> middle class is growing. so in fact compared to china you have growing organizations close to 30%, likely to go up where china is at 50%. as we have seen employment growth, we've actually seen incomes ex
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